Good news for tenants / Strange happenings in the housing market

According to Tejarat News, the share of about 30% of housing in the inflation calculation basket has caused housing prices to play a significant role in the inflation process. If housing prices become higher, Iranian households will be more pressured by inflation.

Meanwhile, the inflation of the housing rent sector has been announced more than 27% for the last time, the main reason of which is probably due to the inflation of housing prices. But a new report by the Statistics Center of Iran states that housing prices fell in September after a nine-month hike.

According to the Statistics Center of Iran, in September of 1994, the price index of residential real estate in Tehran, based on the base month of April, 1995, reached 156.6, which has decreased by 3.8 percent compared to the previous month (260.6).

However, this is only the case with monthly inflation. But what about point-to-point inflation and annual inflation?

Point inflation refers to the percentage change in the price index number compared to the same month last year. The point inflation rate reached 1.7 percent in September 2014.

Annual inflation rate means the percentage change in the average price index numbers in a year ending this month, compared to the index of the same period last year. The annual inflation rate of 144 residential properties in Tehran in September has reached 67.2 percent, which shows a decrease of 1.8 percentage points compared to the same information in the previous month (15.2).

Housing prices fell in September, while gold prices fell 1 percent this month and the stock market index fell more than 9 percent. Therefore, in September, the only market with a positive return on the dollar, which also increased by 0.2 percent.